The BioPoint is a new wireless and wearable device, targeting both the ambulatory and on-site monitoring of biosignals. It is described as being capable of streaming and recording the i) electromyography, ii) electrocardiography, iii) electrodermal activity, iv) photoplethysmography, v) skin temperature and vi) actigraphy simultaneously, while making the raw signals recorded by the sensors readily available. However, an in-depth assessment of the biophysical signals recorded by this device, as well as its ability to derive vital signs and other health metrics, remains to be carried out. Consequently, this work proposes a preliminary study to evaluate the quality of the signals that can be acquired by this wearable with a focus on the derivation of heart rate and peripheral blood oxygenation via photoplethysmography. The device is quantitatively compared to the medical-grade pulse oximeter NoninConnect 3245, by Nonin inc. This study was performed with participants wearing the BioPoint at different positions on the body (finger, wrist, forearm, biceps and plantar arch), while the NoninConnect was worn on the fingertip and used as the ground truth. The results show that the BioPoint can accurately determine both heart rate and oxygen saturation from various locations on the body. However, as the BioPoint's photoplethysmograph is not calibrated it cannot be used for medical purposes (non-medical-grade).